David found a company and goes through the investment rounds shown below: Round Source Price Series A Series B Series C Series D Self $0.50 Angel $1.00 Venture Capital $1.50 Venture Capital $2.25 Number of Shares 325,000 475,000 200,000 350,000 He decides to take the company public through an IPO, issuing 2 million new shares. Assuming that he successfully completes the IPO, the net income for the next year is estimated to be $8 million. His banker informs him that the price of shares should be set using average price-earnings ratios for similar businesses, which is 14. What share of the company will David own after the IPO? 15% 19% 10% 13%